BP PLC Director/PDMR Shareholding
08 May 2024 - 7:00PM
RNS Regulatory News
RNS Number : 4720N
BP PLC
08 May 2024
BP
p.l.c.
Notification of
transactions of persons discharging managerial responsibility or
connected persons
EDIP deferred
shares 2023 award
BP p.l.c. (the "Company") announces that on 7 May 2024
the following conditional share award (the "Award") was made to the chief executive
officer under the bp Executive Directors' Incentive Plan (the
"Plan"). The Award
was made in accordance with the rules of the Plan and the 2023
directors' remuneration policy (the "Policy") and as provided for in the
2023 directors' remuneration report (the "Report"), which were approved by
shareholders on 27 April 2023 and 25 April 2024
respectively.
Level of
award
The Award represents thirty-three per cent of
the 2023 annual bonus which is required to be deferred into
ordinary shares. In calculating the number of bp shares over which
this Award has been made, the Remuneration Committee has applied
the average price of bp shares over the 90 calendar days up to and
including the annual general meeting that was held on 25 April 2024
(£4.89).
Number of
shares subject to award
Name
|
Award
|
Murray Auchincloss
|
124,128 ordinary shares
|
This award will vest in three years in
accordance with the rules of the Plan. The chief executive officer
will be entitled to the value of reinvested dividends on those
ordinary shares which vest.
1
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
a)
|
Name
|
Murray Auchincloss
|
2
|
Reason for the
notification
|
a)
|
Position/status
|
Chief executive officer / Director
|
b)
|
Initial notification/Amendment
|
Initial notification
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
a)
|
Name
|
BP p.l.c.
|
b)
|
LEI
|
213800LH1BZH3DI6G760
|
4
|
Details of the
transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and
(iv) each place where transactions have been
conducted
|
a)
|
Description of the financial instrument, type
of instrument
Identification code
|
Ordinary shares of $0.25
GB0007980591
|
b)
|
Nature of the transaction
|
124,128 conditional share units (in the form of
ordinary shares) awarded under the bp Executive Directors'
Incentive Plan.
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
Nil consideration
|
124,128
|
|
d)
|
Aggregated information
-
Volume
-
Price
-
Total
|
124,128
Nil consideration. Market value
£4.89
Nil consideration. Market value
£606,985.92
|
e)
|
Date of the transaction
|
7 May 2024
|
f)
|
Place of the transaction
|
Outside a trading venue
|
This notice is given in fulfilment of the
obligation under Article 19 of the Market Abuse
Regulation.
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END
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